Hearts announce record turnover
- Published
Brian McLauchlin, BBC Sport Scotland
Hearts have released their accounts for the 2022-23 season, with the club posting a record turnover of £20.8 million, an increase of 42% on the previous year.
The other key points from the financial report are listed below:
The increase in turnover amounts to £6.1m, largely down to the club's participation in the Europa Conference League last season.
However, operating costs also rose by £2.4m, again largely due to European competition.
The club made a small profit of £298,000 in the financial year, with significant donations from benefactors including the Foundation of Hearts and director James Anderson totalling over £6m.
The wage bill at Tynecastle has increased by over £4m to £15.38m.
The club will hold its annual AGM next month on 14 December.
